Satellite image of Chinese factory activity. Source: SpaceKnow
Satellite image of Chinese factory activity. Source: SpaceKnow

China’s manufacturing continues to expand at the highest pace in five years, according to SpaceKnow’s China Satellite Manufacturing Index, derived from satellite images of factory activity.

Source: Bloomberg

The Spaceknow index serves as a cross-check on the official PMI. As the chart shows, the two gauges tell the same story.

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